Negotiations for Loma Negra sale continue despite expiration exclusivity
The potential sale of Loma Negra to CSN has entered a new phase after the exclusivity term to negotiate a deal expired on 12 August after an automatic renewal but has not...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Cementos Bio Bio reports sees 2Q profit surge
Chile-based Cementos Bio Bio SA (CBB) reported sales of CLP84.283bn (US$92.2m) in the second quarter of 2024, up 2.1 per cent from CLP82.569bn in the year-ago period. Profi...
State building projects in Ireland must use low-carbon concrete under new rules
Future state-funded building such as roads, schools and hospitals must use low-carbon concrete under new regulations which came into force yesterday. Concrete will be a key b...
CRH completes final phase of European lime divestment
CRH previously announced on 22 November 2023 that it has reached an agreement to divest its lime operations in Europe for a total consideration of US$1.1bn. CRH has now annou...
BUA's pricing strategy comes sunder scrutiny amid Nigerian housing deficit
BUA Cement ’s pricing strategy has come under scrutiny as part of the ongoing debate over high cement prices in Nigeria. Abdul Sam Rabiu, chairman of BUA Cement, addressed ...
Huaxin Cement posts flat revenues in 2Q24
China-based Huaxin Cement reported flat revenues of CNY9.15bn in the second quarter of 2024. The company’s net income was down 41 per cent YoY to CNY553.1m while the profit m...
Cimsa buys into UK and Irish building material markets
This week, Cimsa (Sabanci Group) has made an agreement to acquire Mannok in Ireland in a EUR330m deal. With this acquisition, the Turkiye-based cement producer will increase it...
MPA study finds waste clay and bricks could reduce embodied carbon of cement by 30%
Using waste clay and bricks in the cement production process could reduce the final product’s embodied carbon by as much as 30 per cent, according to a recent report. Led by...
Cemex to co-process Manuelita agro-industrial wastes
Regenera, Cemex's business for waste valorisation, has entered an agreement with Colombia-based Manuelita to transform sugar industry waste into alternative raw materials in th...
Mizu Cementos partners energy company in hydrogen pilot project
Mizu Cimentos is partnering Brazilian energy company CPFL Energia to establish a green hydrogen pilot project in the state of Rio Grande do Norte, Brazil. CPFL Group has a...
Mevocrete project moves to production
Material Evolution (UK) have worked with academic and industrial partners to develop and optimise low carbon geo polymer cement technology for production in the Mevocrete proje...
Carbon market trades within range, falling back with equity markets
By Frank O. Brannvoll, Brannvoll ApS, Denmark Following the French election the carbon market rose towards EUR71.50 and seemed to be back in the uptrend. However, the eve...
Kyrgyzstan to build greenfield 1.5Mta cement plant
President Sadyr Japarov of Kyrgyzstan has launched the Terek Tash clinker factory in Kemin district. The new 1.5Mta cement plant is an investment agreement between the governm...
Heidelberg Materials plans carbon capture plant in Mitchell
Heidelberg Materials North America is looking to become an industry leader in sustainability. Earlier this year, the company was selected for a US$500m grant to build a carbo...
Dragon Cement plant to layoff more workers
Dragon Cement in Thomaston , Maine, USA, is planning six more layoffs, following 65 layoffs in the last year. The manufacturing operations are being closed and the plant wi...
Savannah Clinker Ltd outbids Amsons Group to acquire Bamburi Cement
Savannah Clinker Ltd (SCL), a Kenya-based construction materials company, has outbid Amsons Group to acquire full ownership of Bamburi Cement . On 28 August SCL announced t...
Cimsa to acquire Mannok for EUR330m
Cimsa , part of Sabanci Holdings , has reached agreement to acquire 94.7 per cent of Ireland-based cement producer Mannok for an overall enterprise value of EUR330m. The lo...
Adani Group to set up new cement grinding unit
Adani Group has announced plans to set up a 2Mta cement grinding unit in Guna, Madhya Pradesh, India. At the same time, the group is going to develop a state-of-the-art prope...
Cahya Mata Sarawak Bhd sees 27% growth in 2Q net profit
Cahya Mata Sarawak Bhd , a Malaysia-based cement manufacturer has released its 2Q24 earnings, for the period ended 30 June 2024. The group’s revenue fell four per cent YoY...
Sinoma to install second production line at Lebda plant
Libya-based National Cement Co has signed a cooperation agreement with Sinoma of China to establish a new production line at the Lebda Cement Factory with a production capaci...
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